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8235 Douglas Avenue, STE b100

Compatriot Capital Leases 13000 Square Feet Office Space At The Douglas In Dallas
LEASEDOffice

Compatriot Capital Leases 13000 Square Feet Office Space At The Douglas In Dallas

8235 Douglas Avenue, STE b100

Building Size

13,000 SF

Asset Type

Office

Closing

Jan 2, 2025

AI

The asset involved in this transaction is an office space located at 8235 Douglas Avenue, Dallas. The property consists of 13,000 square feet and is situated within The Douglas, a 13-story building in North Dallas.

Summary of transaction details:

Compatriot Capital has committed to a lease for an entire floor of the office building, planned for occupation later this year. The transaction was facilitated by JLL representing the tenant and Granite Properties acting on behalf of the landlord.

Players

Scott Hage

JLL

Broker

5 deals

Broker

Avenue Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93